Is it possible for a currency to appreciate relative to one currency, and depreciate relative to another?
a. No, a currency rises or falls against all currencies.
b. No, this could happen only under the gold standard.
c. Yes, but only if all governments agree on the new rates.
d. Yes, this is possible in a world of floating rates.
d
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Everything else held constant, an increase in the currency ratio will mean ________ in the M2 money multiplier and ________ in the M2 money supply
A) an increase; an increase B) an increase; a decrease C) a decrease; an increase D) a decrease; a decrease
My brother decides to leave his empty soda can on someone's lawn. This is an example of a
A) public good. B) positive externality. C) neutral externality. D) negative externality.
Adverse selection arises in insurance markets because
a. insurance buyers have more information than insurance sellers. b. insurance sellers have more information than insurance buyers. c. individuals can select which insurance company to patronize. d. insurance companies can exercise too much control over whom they insure.
GDP measures the economy's production of:
a. final goods and services. b. intermediate goods. c. consumer goods and services. d. capital goods.